Tax specialists Cornerstone Tax say that tens of thousands of pension savers may be owed a combined £6bn due to them overpaying stamp duty on transfers of commercial property into their pension schemes. The transfers, they say, may have triggered Stamp Duty Land Tax – despite the fact that the transactions may have been exempt. […]

Warning given of the damage to people’s final pension pay-outs “Pausers” will also miss out on valuable top ups from employers and the government With many people’s earnings lagging behind spiralling inflation, new research from Canada Life shows that the cost-of-living crunch in the UK has led to 5% of adults stopping contributions into their […]

In this in-depth Q&A feature, we look at the additional flexibility and peace of mind that private health insurance can provide, introduce you to the free price comparison website Usay Compare and offer two months’ free insurance. Why should the 50s consider private health insurance? Later in life, we are statistically more likely to need […]

Savers in Pension schemes where annual increases are currently linked to RPI could lose billions of pounds over the course of their retirement, according to evidence given to the High Court, if changes planned by the Chancellor and the UK Statistics Authority go ahead. The warning came on the first day of a legal challenge in […]

Online pension provider PensionBee has issued a stark warning that today’s average employee is currently on track to exceed the current Lifetime Allowance of £1,073,100 by the typical retirement age of 64-65. Many workers, they say, may be unaware of how much will be saved through auto-enrolment – and subsequently, run the risk of triggering […]

The latest Saltus Wealth Index has just been published, revealing how high net worth individuals (HNWIs) with investable assets of over £250,000 feel about the UK economy, their own wealth and lifestyles. The twice-yearly Saltus Wealth Index surveyed over 1,000 individuals, and their responses show how priorities and concerns have changed. The biggest threats to […]

Are YOU one of the 35 million savers who now have ready access to the Pensions and Lifetime Savings Association (PLSA)’s Retirement Living Standards through your pension scheme? If not, it’s simplicity itself to find out exactly what you will need to have as a retirement income in order to achieve the lifestyle you aspire […]

Estimating exactly how much you’ll need to enjoy a comfortable retirement has never been easy, as our spending habits will inevitably change as we move through our later years. But now a new report from the Institute for Fiscal Studies has shed new light on these shifts. The report, authored by Rowena Crawford, Heidi Karjalainen […]

A “pension will” can prove vital if a person dies before they reach retirement age. But a new survey from Canada Life shows that almost three-quarters (72 per cent) of UK adults aged 55 and over have not completed an expression of wish form, which nominates the beneficiaries of their pension benefits in the event […]

Positive news for some savers this month: the aggregate surplus of the 5,215 defined benefit schemes in the Pension Protection Fund (PFF) 7800 Index increased from £133.6bn in February to £176.4bn at the end of last month: an increase of £42.8bn. This means that Section 179 liabilities (the level of assets needed to secure PPF-level benefits […]